Analysts Set $45.00 Average Price Target for Central Garden & Pet (NASDAQ:CENTA)
Analysts Give Central Garden & Pet a “Moderate Buy” Rating with $44.25 Price Target
Shares of Central Garden & Pet (NASDAQ:CENTA) have received an average rating of “Moderate Buy” from four analysts covering the stock, according to Marketbeat Ratings. One analyst has rated the stock as a hold, while three have assigned a buy recommendation. The average 1-year price target for the stock is $44.25.
Several equities analysts have issued reports on Central Garden & Pet recently. Truist Financial raised their price target on the stock to $60.00 and gave it a “buy” rating. StockNews.com upgraded the stock from a “hold” to a “buy” rating. Monness Crespi & Hardt also raised their price target to $42.00 and gave the company a “buy” rating. JPMorgan Chase & Co. increased their target price to $43.00 and gave the company a “neutral” rating.
In related news, Director John Ranelli sold 2,400 shares of Central Garden & Pet stock, while insider John Edward Hanson sold 5,321 shares. Insiders have sold a total of 25,822 shares worth $965,026 in the last three months.
Large investors have also been active in Central Garden & Pet, with Vanguard Group Inc. and Dimensional Fund Advisors LP increasing their holdings in the company.
Central Garden & Pet traded up 11.3% on Thursday, reaching $39.99. The company has a market capitalization of $2.69 billion and a P/E ratio of 18.84. The company last reported quarterly earnings on February 7th, beating the consensus estimate.
Central Garden & Pet produces and distributes products for the lawn and garden, and pet supplies markets in the United States. The company operates through two segments: Pet and Garden.
Before considering investing in Central Garden & Pet, investors may want to explore other top-rated stocks recommended by analysts. MarketBeat has identified five stocks that analysts believe are better buys than Central Garden & Pet.
Overall, Central Garden & Pet continues to attract attention from analysts and investors alike, with positive ratings and insider activity driving the stock’s performance.
